Hey everyone! Today’s Community Call felt great! We’re getting close! Thank you to everyone who attended and for those that couldn’t, a TL;DR for you in addition to the recording being up on YouTube. As always, I encourage everyone to reach out to me with any questions, comments, suggestions, etc!
TL;DR
The smart contracts are in extremely good shape. They are effectively finished, and the audit is beginning February 6th. In comparison to what’s been done in the past, Carbon smart contracts are fairly simple, and the overall auditing process is expected to be extremely streamlined and fairly fast.
Most of the work is now focused on the UI/UX and SDK. As for the UI, the skeleton has been built and is going through a user interview process. There were a couple of sticky points being addressed and is where the majority of the development focus remains at this point.
The SDK (Software Development Kit): One of the core components of Carbon. A software package including all of the necessary components to interact with a system. Used for integrations such as those wishing, trading firms and other projects for example, to build an application on top of Carbon. Eliminates the need to develop the software from scratch in order to get started. Just been reviewed and considered to be in a late draft status. A few open ends that need to be cleaned up, but it is in the final stages of development.
Analytics Site: Slightly premature to speak to the Analytics Site just yet, but development has begun. The v3 dashboard served its purpose but there were issues, mainly with auto-updates. The new format is expected to be much more flexible and allow the contributors to do what they were hoping to with the v3 site.
DAO Proposals: Carbon launch in addition to how the fees generated on Carbon will be used. I still strongly support using all fees generated on Carbon going towards buying and burning BNT and helping alleviate the deficit. Please everyone have this discussion on discourse! Let’s keep the conversation going, but rather than on Telegram or Discord, our official governance forum.
Mark stated anything going up on Discourse should be in detail to ensure everyone understands. He is authoring the launch proposal, hopefully this week, and it should be up soon. It will include details on how fees are generated, how they’re stored, and how they can be used. What the process should be, in his opinion, if fees are collected in various tokens, for example. He thinks the fees should always be used to buy and burn BNT in perpetuity- a benefit to stakeholders of any kind and doesn’t pit BNT stakeholders against any other stakeholders. Just because he is writing a proposal doesn’t mean any DAO members need to wait for him to start the discussion and create a proposal of their own. Just be aware it could be the case that something proposed for some technical reasons might not necessarily be feasible. Addendums follow, etc, and in his opinion, the least amount of addendums needed the better. With the amount of material that’s been created already, there shouldn’t be any surprises in the proposal or creation process. More a matter of organizing what’s already been published in addition to implementation details. It’s a huge priority, especially with the audit next week already.
Beta Launch: Pre-Beta Testnet Demo first. It will not be on-chain, but it will give everyone an idea and understanding of not just the use cases of Carbon but the functionality and how users are going to be interacting with the protocol. The end goal is to get people in the mindset of automated trading strategies. A how-to video and documentation are being created for users to understand how to interact with Tenderly. Seeking user feedback on the demo & products in general. Once there’s a good feel, and the Beta is ready, it will be launched.
Simulators: extremely useful tools for applying historic data and testing strategy performance. An upcoming DAO Discussion will be a presentation by Stefan, Bancor Senior Advisor, on how to use the simulator he created.
Nate spoke about his published blog last week, Adventures in Programmable DEX Trading: Carbon Recurring Strategies. Definitely recommend reading if you haven’t yet! Speaks to creating ranges, both profitable and unprofitable, how the width of ranges influences your risk and reward profile, etc. A continuation, looking at a real historical price chart and how different ranges influence the profits, is in the works and will be released as soon as possible. Anyone have any cool ideas or requests for content creation, Nate asks you contact him!
Twitter Spaces Thursday and Coffee Break Friday! Events will be created in Discord. Show you’re interested and get a reminder when the call starts!
Thank you again to the community and contributors. It feels good to be where we are in terms of development and rebuilding. Appreciate you all 
